How to FIRE Without Investing in Real Estate

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 24 June 2025

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

You're eager to build serious wealth, but the idea of managing tenants, fixing toilets, handling trash issues, and dealing with the endless headaches that come with real estate investing makes you cringe. Even though we're the world's largest platform for real estate investors, we totally understand that the landlord life isn't suited for everyone. The great news? Real estate is definitely not your only ticket to wealth. There are five other proven methods to accumulate serious money that won't have you answering frantic tenant calls at 2 A.M. On today's episode of the BiggerPockets Money podcast, Mindy and Scott team up to reveal the five most effective wealth-building strategies that don't require purchasing a single rental property. These approaches are accessible to virtually anyone, regardless of your current salary or existing savings account balance. Some of these strategies are extremely passive, needing only a few minutes monthly to kickstart your wealth accumulation, while others have the potential to dramatically boost your earnings but demand considerably more active participation. In this episode, you'll learn: The five ways to get rich WITHOUT investing in real estate The four “levers” of wealth you can pull to level up your financial lifestyle “Boring” businesses and HUGE investment opportunities for those in their 20s, 30s, or 40s Job hopping and why you could be underpaid and overworked at your current role The investment accounts that can expedite your path to becoming a millionaire The super passive investment anyone can use to build massive wealth in the background And SO Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Real estate is not the only path to wealth. In fact, for some people, it's not even the best one.
0:05.1	Today, we're breaking down the ways to build wealth that don't require you to become a landlord,
0:10.1	manage properties, or tie up hundreds of thousands of dollars in down payments. So if you've ever
0:14.6	felt like real estate investing wasn't for you, or if you're looking for ways to diversify beyond
0:19.7	real estate, stick around. By the end of this
0:22.0	episode, you'll have a clear roadmap to building serious wealth.
0:31.5	Hello, hello, hello, and welcome to the Bigger Pockets 20 podcast. My name is Mindy Jensen, and with me as
0:36.5	always is my building wealth with multiple income streams co- podcast. My name is Mindy Jensen, and with me as always is my building
0:38.0	wealth with multiple income streams co-hosts, Scott Trench. Mindy, it's just so great to do this
0:42.9	podcast with you. You have all of the properties of a great co-host. Bigger Pockets has a goal of
0:49.0	creating one million millionaires. You are in the right place if you want to get your financial house in order because we truly believe financial freedom is attainable for everyone, no matter when or where you're starting or whether you like real estate investing or not. Today, we're going to be talking about other ways to get rich. By other ways, I mean ways outside of real estate investing, which it goes without saying Mindy and I are huge fans of. We know that we talk about real estate as a tool for wealth creation a lot,
1:11.2	but there are plenty of other ways to build wealth that may be appealing to folks in different
1:15.2	life situations or at different stages in their financial journey. We're going to talk about
1:18.5	five of them today, and I'm excited to get started. So you want to kick it off, Mindy? I do. Scott,
1:23.6	I think a good place to start is with the four pillars of building wealth that we consistently talk about over the history of this show.
1:31.2	It may be a good time for a refresher for some of our newer audience.
1:35.1	I think you have a really great overview on that, so I'm going to throw it back to you and have you list those out.
1:39.8	Yeah, and these are going to be groundbreaking guys.
1:41.5	No, obvious. These are the very basic building blocks of building wealth, but we have to start
1:44.8	in a foundation and voice and state the obvious, I think, to progress here.
1:49.2	And those four building blocks are going to be you can spend less, you can earn more,
1:53.2	you can invest, or you can create.
	...

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